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Sep 22, 2012
09/12
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. >> now to politics and presidential taxes -- no, we're not talking about the candidates' tax plans or mitt romney's comments on the 47% of americans who pay no federal income taxes. instead we're specifically talking about how much mitt romney paid himself. his campaign released his 2011 f tax return and romney paid almost $2 million in taxes off an income of almost $14 million, a 14.1% rate. so why the low rate? the majority of romney's income came from investments. in fact, all but about half a million of it. here's what the obama campaign had to say afterwards. "mitt romney took advantage of complex loopholes and tax shelters only available to those at the top." >> the romney campaign released a letter with numbers from the last 20 years of taxes, no returns, just a summary. basically it said that the romneys owed taxes for the last 20 years and averaged a rate of 20.2% and never paid below 13.66%. let's bring in paul steinhauser. good morning to you. why now? this is a late friday afternoon push out of these documents. what do you make of that? >> yeah, that's the traditional h
. >> now to politics and presidential taxes -- no, we're not talking about the candidates' tax plans or mitt romney's comments on the 47% of americans who pay no federal income taxes. instead we're specifically talking about how much mitt romney paid himself. his campaign released his 2011 f tax return and romney paid almost $2 million in taxes off an income of almost $14 million, a 14.1% rate. so why the low rate? the majority of romney's income came from investments. in fact, all but...
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Sep 23, 2012
09/12
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secret tapes, disparaging words, pesky taxes. even the mrs. weighed in. >> this is hard. >> what republicans are really saying about mitt romney. # d it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ . >>> mitt romney is taking heat from democrats and president obama and he's getting criticism from republicans, too. peggy noonan called the mitt romney campaign a rolling calamity. bill kristol said some things too. we know one who is willing to say these things out loud and more. she is a cnn contributor and a republican strategist. she never holds her tongue. anna, welcome. is this helping or hurting mitt romney when republicans go public with their criticism? >> this happens in campaigns at the en
secret tapes, disparaging words, pesky taxes. even the mrs. weighed in. >> this is hard. >> what republicans are really saying about mitt romney. # d it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to...
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Oct 17, 2012
10/12
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romney tax plan? nobody really felt like there was a solid answer to that either. where does the voter go to get this kind of information, or do we just have to wait for round three in the big debate next week to see if there's going to be an answer there? >> well, there hasn't been a really precise answer from neither mitt romney nor paul ryan. they've been asked repeatedly. you want to have this 20% across the board tax cuts for everyone. rich, middle class, poor, everyone gets a 20% tax cut. you want another 10% cut in corporate tax rates and all of that. how are you going pay for it? then there's just a generic discussion about, well, there will be a reduction in deductions, in tax credits, in loopholes, exemptions, but they don't get specific on that. at one point mitt romney said maybe there would be a cap on tee dee deductions. $25,000 a year or $50,000 a year. you put it all on a bucket. whether home mortgage, charitable contribution, child tax credits, university tax credits or whatever, heal
romney tax plan? nobody really felt like there was a solid answer to that either. where does the voter go to get this kind of information, or do we just have to wait for round three in the big debate next week to see if there's going to be an answer there? >> well, there hasn't been a really precise answer from neither mitt romney nor paul ryan. they've been asked repeatedly. you want to have this 20% across the board tax cuts for everyone. rich, middle class, poor, everyone gets a 20%...
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Jan 18, 2012
01/12
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said he pays effectively a 15% flat tax on his tax returns, gingrich couldn't resist. one of the top surrogates in this campaign, someone talked about as a potential running mate, said romney should produce those tax returns. here's >> chrichris christie. >> what i would say is if you have tax returns to put them out, put them out sooner than later, because it's always better to have complete disclosure, and especially when you're the front runner. >> now, gingrich is talking about releasing his own tax returns tomorrow. he already told reporters earlier today when asked this question, because obviously the question was going to be raised, what tax rate do you pay, speaker gingrich, and he said it's around 31%. he said the campaign is going to produce those tax returns tomorrow to prove that. so it will come out tomorrow, which means that this issue will last yet another day. >> we'll be talk with you tomorrow. there's a crowd there in south carolina. >>> coming up, i want you to hear what one judge decided. a pregnant woman with schizophrenia should be bribed into a h
said he pays effectively a 15% flat tax on his tax returns, gingrich couldn't resist. one of the top surrogates in this campaign, someone talked about as a potential running mate, said romney should produce those tax returns. here's >> chrichris christie. >> what i would say is if you have tax returns to put them out, put them out sooner than later, because it's always better to have complete disclosure, and especially when you're the front runner. >> now, gingrich is talking...
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Sep 24, 2012
09/12
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the largest tax increase probably in american history. a humongous tax increase. the spending cuts when you look at the fiscal cliff spending cuts it is government salaries, private sector contracts, food safety. they will have to squeeze money out of all of those areas, fbi, fema. food assistance, education grants. they will be taking a hatchet and just cutting programs so that they can abide by the law, the law to cut all of these costs. >> those look like the obvious big chunks. when you go to another chunk and that is research and development. can you sort of outline for me what sort of a tipping point is that? >> so a lot of people who follow science and innovation are concerned. if we are going to lead into the next century we have to maintain our innovative edge. the fiscal cliff will mean big cuts to federally funded research. and this is the way one of the industry groups has looked at this. 200,000 job cuts by next year. the cost of gdp could be $860 billion. so what does that mean? how much is that? if you look at the low end of estimates for what the e
the largest tax increase probably in american history. a humongous tax increase. the spending cuts when you look at the fiscal cliff spending cuts it is government salaries, private sector contracts, food safety. they will have to squeeze money out of all of those areas, fbi, fema. food assistance, education grants. they will be taking a hatchet and just cutting programs so that they can abide by the law, the law to cut all of these costs. >> those look like the obvious big chunks. when...
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Nov 4, 2012
11/12
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he laid out his jobs plan, championed the popular payroll tax cut -- >> tell congress to pass this tax cut without drama, without delay. >> and took executive actions without the support of congress. >> we can't simply wait for congress to do its job. >> the republicans fired back. >> now we have our own modern day great train robbery. >> probing the bankruptcy of the taxpayer-funded solar firm solyndra. and relentlessly pursuing fast and furious, anti-gun trafficking operation that cost a border agent his life. the bitter partisan divide was back out in the open >> and then gays and lesbians saying this on "good morning america". >> i think same-sex couples should be able to get married. >> next, latinos, an electoral voting bloc. >> no more lies! >> after initially failing to press for immigration reform, in june, the president temporarily halted the deportation of the children of undocumented immigrants. campaign 2012 had begun. >> to be the transformational president he wants to be, you have to have two terms. you can't do it in one. so everything is riding on this election for bar
he laid out his jobs plan, championed the popular payroll tax cut -- >> tell congress to pass this tax cut without drama, without delay. >> and took executive actions without the support of congress. >> we can't simply wait for congress to do its job. >> the republicans fired back. >> now we have our own modern day great train robbery. >> probing the bankruptcy of the taxpayer-funded solar firm solyndra. and relentlessly pursuing fast and furious, anti-gun...
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Sep 22, 2012
09/12
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years of paying taxes as well. anything surprising there for you? >> well, it's not surprising that the romneys wanted to put out their tax return so that we could stop talking about the secret video, but i think that shows just what a bad week it was when now we're talking about the tax returns, which is not a great story for romney to begin with. in terms of tax returns, not really anything surprising. we knew that he pays taxes at a much lower rate than probably you and i and amy do and the majority of middle class families. what is interesting that i found in there is that he actually deducted less on his charitable contributions so that he paid more in taxes to equal what he had said earlier that he would pay in taxes. which then contradicts what he had said to a reporter basically saying that he has never paid more in taxes than what is legally owed. so i think there are a lot of contradictions there and it still underscores that he can take advantage of a lot of complicated, aggressive loopholes that are ava
years of paying taxes as well. anything surprising there for you? >> well, it's not surprising that the romneys wanted to put out their tax return so that we could stop talking about the secret video, but i think that shows just what a bad week it was when now we're talking about the tax returns, which is not a great story for romney to begin with. in terms of tax returns, not really anything surprising. we knew that he pays taxes at a much lower rate than probably you and i and amy do...
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Jul 1, 2012
07/12
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and you have -- if you don't pay your taxes, that is a penalty. >> it is a tax. >> no, if you don't pay your taxes, you get penalized but that is a penalty. >> don, have you red obama care? >> i have. >> there are $500 billion in taxes -- >> that's a talking point. that's not a taxation part of -- >> 500 billion in the first ten years. >> let's go on. dean, what do you think? >> first of all, i love being in atlanta, i love this desk. i want to take it over. i want to take it over. secondly, obama deserves a second term. on job growth he'll get a c. >> i'm shocked. >> that's not doing great. on health care a great achievement. stimulus did help. unemployment was at 10% just in october of 2010, come down to 8. %. not great, but getting better. 27 months in a row job creation. 27 months in a row, job creation. it's not a tax, by the way. >> listen, that's what people don't understand. i'm not political at all. i really don't care much about politics, but no one can seem to get their brains around you don't have to be on the left or on the right, as i read it it is not under the commerce c
and you have -- if you don't pay your taxes, that is a penalty. >> it is a tax. >> no, if you don't pay your taxes, you get penalized but that is a penalty. >> don, have you red obama care? >> i have. >> there are $500 billion in taxes -- >> that's a talking point. that's not a taxation part of -- >> 500 billion in the first ten years. >> let's go on. dean, what do you think? >> first of all, i love being in atlanta, i love this desk. i want...
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Sep 22, 2012
09/12
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2011 tax return. it shows he made $13.7 million last year. paid nearly $2 million in federal income taxes. because romney's income came largely from investments, he's taxed at a lower rate, 14.1%. we'll have more on the debate surrounding romney's taxes later on in the hour. >>> mitt romney may not think his presidential campaign needs a turnaround, but sarah palin sure thinks he does. she's the latest conservative to voice her frustration with the direction of the romney campaign. the former vice presidential nominee told the "weekly standard" quote, with so much at stake in this election, both mitt romney and paul ryan should go rogue and not hold back from telling the american people the true state of our economy and national security, end quote. she went on to say, there's more, quote, america desperately needs to have a come to jesus moment in discussing our big dysfunctional, disconnected, and debt-ridden federal government, end quote. that from former alaska governor sarah palin. >>> all right,
2011 tax return. it shows he made $13.7 million last year. paid nearly $2 million in federal income taxes. because romney's income came largely from investments, he's taxed at a lower rate, 14.1%. we'll have more on the debate surrounding romney's taxes later on in the hour. >>> mitt romney may not think his presidential campaign needs a turnaround, but sarah palin sure thinks he does. she's the latest conservative to voice her frustration with the direction of the romney campaign. the...
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Dec 10, 2012
12/12
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the district attorney says he owes more than $350,000 for not paying his state taxes for three years. he pleaded not guilty. baldwin said he paid $100,000 already to new york state. earlier he told me he knew all this was coming. >> i've been in a conversation about this very thing for several months now. and, again, i'm not trying to be funny when i say this. i'm grateful these guys are givi me a chance to work it out. it's a tough situation because it wasn't me specifically, as you know, don, you have people do your taxes for you, et cetera, et cetera. it wasn't handled appropriately. i am ultimately responsible but i am in a conversation and we are communicating with them and what i'm told is that we're going to be able to work it out. i'm hoping that's the end result. >> but for you, explain to the audience what happened. >> well -- i don't want to cry in my coffee here, but the long story short is when i moved out of doing my normal career and mainstream secular hollywood and started to get into mostly faith-based stuff, it changed my income a whole lot. that led to a lot of inex
the district attorney says he owes more than $350,000 for not paying his state taxes for three years. he pleaded not guilty. baldwin said he paid $100,000 already to new york state. earlier he told me he knew all this was coming. >> i've been in a conversation about this very thing for several months now. and, again, i'm not trying to be funny when i say this. i'm grateful these guys are givi me a chance to work it out. it's a tough situation because it wasn't me specifically, as you...
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Sep 22, 2012
09/12
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2011 tax return. it shows that he made $13.7 million last year and paid nearly two million in federal income taxes, because romney's income came largely from investments, he's taxed at a lower rate, 14.1%. the documents also show the romneys dominated more than $4 million to charity. but they only claimed about half of that as deductions to conform with romney's earlier statement that he's never paid less than 13% in income taxes over the last decade. the obama camp is calling on romney to release even more returns. paul steinhowser joining us now. why isn't the obama campaign satisfied? they wanted more taxes released and they got one. >> they knew that one was coming. the obama campaign and the democrats point to other nominees in recent cycles. they point out to mitt romney's father, put out multiple years. the romney campaign did put out a summary statement of myth and ann romney's taxes from 1990 to 2009, a 20-year period. that indicates they paid taxes in all of those years and the average rate
2011 tax return. it shows that he made $13.7 million last year and paid nearly two million in federal income taxes, because romney's income came largely from investments, he's taxed at a lower rate, 14.1%. the documents also show the romneys dominated more than $4 million to charity. but they only claimed about half of that as deductions to conform with romney's earlier statement that he's never paid less than 13% in income taxes over the last decade. the obama camp is calling on romney to...
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Dec 8, 2012
12/12
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one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small businesses getting hit by increased rates, follow a bipartisan senate proposal from republican susan collins, now endorsed by republican olympi s well. all week, he tried to turn it around by making the president look unreasonable. >> the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: democrat jim manly were top congressional aides for years on opposite sides of many negotiations. >> when you have the negotiations, you have to fill the public space up with images of communications, on what the leaders are standing for. >> reporter: but manly, the democrat, from the president's perspective he says this time is different. >> the president and his team finally came to the result that they can't negotiate with hostage-takers, and learned their lesson from last year. >> the speaker says over and over he is waiting for the presiden
one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small businesses getting hit by increased rates, follow a bipartisan senate proposal from republican susan collins, now endorsed by republican olympi s well. all week, he tried to turn it around by making the president look unreasonable. >> the president has adopted a deliberate strategy to slow-walk our...
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Oct 12, 2012
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. >> on taxes. >> you can cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: on medicare -- >> if they allowed medicare to bargain for the cost of drugs like medicaid can, that would save $156 billion right off the bat. >> and it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look weak our adversaries are much more willing to test us, they're more brazen and our -- >> with all due respect that's a bunch of malarkey. >> reporter: he's preparing to make up for frz's mistakes last week, almost immediately launching the attack lines obama never used in his debate. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. >> my neighbors, they pay more effective tax than governor romney pays in his income tax. >> reporter: before the debate, cnn was told paul ryan's team anticipated biden to be aggressive where the president was not especially on the infamo
. >> on taxes. >> you can cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: on medicare -- >> if they allowed medicare to bargain for the cost of drugs like medicaid can, that would save $156 billion right off the bat. >> and it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look...
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Jul 1, 2012
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it's not a tax, by the way. it's not a tax. >> it's not a tax. listen, that's what people don't understand. i am not political at all. i don't care much about politics, but no one seems to get their brains around you don't have to be on the left or the right. it's not the commerce clause, but under the taxation part. it doesn't mean it's a tax because it falls under that clause. that say talking point. the reason crystal is so quiet is she can't hear you. >> perfect. this is the greatest thing ever. i want to talk to crystal for a few seconds. >> we want to go back on gay rights, he promised to end don't ask, don't tell. he came out in favor of gay marriage and on terrorism, also a check mark. he killed osama bin laden. he pulled the troops out of iraq and aggressive use of military drones. is that enough for a second term? >> we are killing terrorists we can't bring back home and question for plans of future attacks on the country. when if comes to foreign policy, this president leads from behind. syria, libya and egypt. he doesn't have a plan.
it's not a tax, by the way. it's not a tax. >> it's not a tax. listen, that's what people don't understand. i am not political at all. i don't care much about politics, but no one seems to get their brains around you don't have to be on the left or the right. it's not the commerce clause, but under the taxation part. it doesn't mean it's a tax because it falls under that clause. that say talking point. the reason crystal is so quiet is she can't hear you. >> perfect. this is the...
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Sep 18, 2012
09/12
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taxes are paying payroll taxes. so let's talk about the arena here. 18% of people, only 18% of households pay no federal income tax and no payroll tax. remember the payroll taxes come right out of your paycheck to pay for social security and medicare. now you've got 18% of households, a much smaller slice of the pie. >> not 46, 47%. >> 18% there. he also talked about entitlement programs. he said in that tape that there are a lot of people who feel as though the government should give them food, housing, all of these other things. >> before you get to those, why are there only 18% of us not paying payroll taxes? because they're not making enough money? >> because it comes right out of your paycheck, right? i mean, most working americans are paying the payroll tax. if you're not working, then you're not paying them. so if you're elderly or retired, you're not paying payroll tax. >> a lot of people expect the government to look after them. who are they and what exactly is the breakdown of what are we doing for them? >
taxes are paying payroll taxes. so let's talk about the arena here. 18% of people, only 18% of households pay no federal income tax and no payroll tax. remember the payroll taxes come right out of your paycheck to pay for social security and medicare. now you've got 18% of households, a much smaller slice of the pie. >> not 46, 47%. >> 18% there. he also talked about entitlement programs. he said in that tape that there are a lot of people who feel as though the government should...
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well, that is the battle today as president obama calls out romney on the tax plan. i want to get right to it. >>> three commercial airlines nearly collided in midair over reagan international airport when air traffic controllers were making adjustments in stormy weather and caused what officials call a miscommunication. the faa is looking into exactly what happened. >>> house republicans taking their turn in the back and forth of the bush era tax cuts and they passed a gop plan to extend the tax cuts for everyone for one year, and most democrats want to extend them only for families making $250 a year. well sh well, a senate minority leader nancy pelosi and house speaker john boehner went before the cameras a short time ago and neither sign showing a sign of budging. >> on september 15th, 2010, president obama said that preventing the tax hikes was necessary to quote help our economy. what's changed? economic growth is even worse now, and the american people are still asking the question, where are the jobs? >> this blueprint for again extracting money from the midd
well, that is the battle today as president obama calls out romney on the tax plan. i want to get right to it. >>> three commercial airlines nearly collided in midair over reagan international airport when air traffic controllers were making adjustments in stormy weather and caused what officials call a miscommunication. the faa is looking into exactly what happened. >>> house republicans taking their turn in the back and forth of the bush era tax cuts and they passed a gop...
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Nov 16, 2012
11/12
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they're not talking about taxes. they're talking about tax rates. if you translate all of that, it means that they believe that, number one, they have to get more money in. how do you do that? they don't want to raise tax rates. they do say they would be open to kind of what you heard during the campaign. in fact, closing loopholes, closing deductions, but they are open to that part of the equation, getting more money in. then on the democratic side, of course, you have that difficulty of how do you cut back on some of the entitlements when some of the democrats don't want that to happen? the president says he is open to it. again, how? that's the fine print is what we need. >> jill dougherty live for us at the white house. thank you so much. keep an eye on that for us. i know there will be additional talking points likely today. we do have that stakeout position ready to go with what we like to call the hot mic. we'll come right back. capella university understands businesses are trying to come back from rough economic times. employees are being fo
they're not talking about taxes. they're talking about tax rates. if you translate all of that, it means that they believe that, number one, they have to get more money in. how do you do that? they don't want to raise tax rates. they do say they would be open to kind of what you heard during the campaign. in fact, closing loopholes, closing deductions, but they are open to that part of the equation, getting more money in. then on the democratic side, of course, you have that difficulty of how...
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Sep 23, 2012
09/12
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secret tapes, disparaging words, pesky taxes. even the mrs. weighed in. >> this is hard. >> what republicans are really saying about mitt romney. ♪ [ sneezes ] [ male announcer ] if you have yet to master the quiet sneeze... ♪ [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec®. it gives you powerful allergy relief. and zyrtec® is different than claritin® because zyrtec® starts working at hour 1 on the first day you take it. claritin® doesn't start working until hour 3. [ sneezes ] [ male announcer ] zyrtec®. love the air. join zyrtec® rewards. save up to $7 on zyrtec® products. >>> mitt romney is taking heat from democrats and president obama and he's getting criticism from republicans, too. peggy noonan called the mitt romney campaign a rolling calamity. bill kristol said some things too. we know one who is willing to say these things out loud and more. she is a cnn contributor and a republican strategist. she never holds her tongue. anna, welcome. is this helping or hurting mitt romney when republicans go p
secret tapes, disparaging words, pesky taxes. even the mrs. weighed in. >> this is hard. >> what republicans are really saying about mitt romney. ♪ [ sneezes ] [ male announcer ] if you have yet to master the quiet sneeze... ♪ [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec®. it gives you powerful allergy relief. and zyrtec® is different than claritin® because zyrtec® starts working at hour 1 on the first day you take it. claritin® doesn't start...
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Aug 17, 2012
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but chances are you pay a higher tax rate than him... mitt romney made twenty million dollars in two thousand ten but paid only fourteen percent in taxes... probably less than you now he has a plan that would give millionaires another tax break... and raises taxes on middle class families by up to two thousand dollars a year. mitt romney's middle class tax increase. he pays less. you pay more. mitt romney's middle class tax increase. ♪ (train horn) vo: wherever our trains go,
but chances are you pay a higher tax rate than him... mitt romney made twenty million dollars in two thousand ten but paid only fourteen percent in taxes... probably less than you now he has a plan that would give millionaires another tax break... and raises taxes on middle class families by up to two thousand dollars a year. mitt romney's middle class tax increase. he pays less. you pay more. mitt romney's middle class tax increase. ♪ (train horn) vo: wherever our trains go,
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Sep 15, 2012
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we've still got to talk about taxes and swing states coming up. but first, our political junkie question of the day, and we are sticking with swing states on this one. before barack obama turned virginia blue, who was the last democrat to win the state in the presidential election? yeah, that's a good one. you can tweet me the answer. i'll let you know who gets the right answer first. you can try snapshot from progressive before you switch your insurance. [ horn honks ] just plug snapshot into your car, and drive like you -- to see if your good driving could save you up to 30%. so try the way to save that's as unique as you are. now you can test-drive snapshot before you switch. visit progressive.com today. mom: ready t♪ go to work? ♪ ♪ ♪ every mom needs a little helper. that's why i got a subaru. announcer: love. it's what makes a subaru, a subaru. >>> before the break, i asked who was the last democrat before barack obama to win virginia? the answer is lbj. johnson carried the state in 1964. a big congratulations to mike bates for tweeti
we've still got to talk about taxes and swing states coming up. but first, our political junkie question of the day, and we are sticking with swing states on this one. before barack obama turned virginia blue, who was the last democrat to win the state in the presidential election? yeah, that's a good one. you can tweet me the answer. i'll let you know who gets the right answer first. you can try snapshot from progressive before you switch your insurance. [ horn honks ] just plug snapshot into...
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Dec 20, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. >>> oh, my god. >> oh! >> yikes. that's how hollywood sees it. that's hollywood's version of doomsday from the movie "2012." awesome and great. i love those effects. a lot of people are convinced that the world as we know it is going to end, in fact, tomorrow. it's going to happen, they say, because a centurie
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i...
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2011 tax return. it shows he made $13.7 million last year and paid nearly $2 million in federal income taxes because romney's income came largely from investments, he is taxed at a lower rate, 14.1%. the documents also show that romney or the romneys, rather, donated more than $4 million to charity, but they only claimed about half of that as deductions to conform with romney's earlier statement that he has never paid less than 13% in income taxes over the last decade. >> all right, so now that those tax records are public, what impact, if any, might it have on the race? joining me now to talk about all of this, the latest from the campaign trail is the associate editor and columnist for the hill. good to see you. >> nice to see you, too. >> anything ominous about the release of this information now just 45 days to the election and the release taking place on friday? >> all releases are done on friday on information that the campaign doesn't want to discuss or highlight, but it is really puzzling to p
2011 tax return. it shows he made $13.7 million last year and paid nearly $2 million in federal income taxes because romney's income came largely from investments, he is taxed at a lower rate, 14.1%. the documents also show that romney or the romneys, rather, donated more than $4 million to charity, but they only claimed about half of that as deductions to conform with romney's earlier statement that he has never paid less than 13% in income taxes over the last decade. >> all right, so...
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the payroll tax holiday, that would expire, the health reform taxes, those would kick in. guess what? it would all mean less money in our wallets. carol? >> wow. well, you have to think that when congress looks at those numbers, lawmakers would get together and sing for the good of the american taxpayer. >> well, you know what? they're certainly not doing it before election day, don't count on that, but there is good news. that cnn money asked 17 economists, what do you think? do you think congress will get a deal done in time? and that's unanimous. all 17 said yes. they don't think we're going to go over the fiscal cliff meaning everything all at once won't happen. not to say that little pieces of it won't go away. but remember, this is just a guess. those economists, they're putting a whole heck of a lot of faith in congress. that's taking a leap. and as i said, nothing's expected to happen until after november 6th. get ready for this to come down to the wire, something that congress has done often times, the best at procrastinating, aren't they? and that's a big worry b
the payroll tax holiday, that would expire, the health reform taxes, those would kick in. guess what? it would all mean less money in our wallets. carol? >> wow. well, you have to think that when congress looks at those numbers, lawmakers would get together and sing for the good of the american taxpayer. >> well, you know what? they're certainly not doing it before election day, don't count on that, but there is good news. that cnn money asked 17 economists, what do you think? do...
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and raise taxes on the middle class. president clinton: they want to go back to the same old... policies that got us in trouble in the first place. president obama: we're not going back, we are moving forward. anncr: forward. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> have you ever tried working from home when you haveless kids in the house? mom, i want a snack, he is hitting me. you can't. it's so hard, and that's why co-working spaces, places you can go and rent office space for a while works so well, and now word in austin from our producer job ruben that you can bring your kids. not kidding. have a look athis week's travel insider. >> do you need help with baby? well, there's a co-working space
and raise taxes on the middle class. president clinton: they want to go back to the same old... policies that got us in trouble in the first place. president obama: we're not going back, we are moving forward. anncr: forward. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a...
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specifically, how much he makes and how much he pays in taxes. the republican presidential candidate has released more tax records. and cnn's national political correspondent, jim acosta, has that. >> reporter: mitt romney came to las vegas and rolled the dice, releasings new tax information in the hopes of putting a lingering campaign issue to rest. according to romney's 2011 return released by the campaign, the gop nominee paid nearly $2 million in taxes on almost $14 million in income. an effective rate of 14%. but romney had to make some adjustments to get to that figure. according to that 2011 return, romney donated $4 million to charity, but only claimed a deduction of $2.25 million. he reduced his deduction and paid more in taxes, the campaign said, to conform to his earlier estimate that he had paid a 13% rate in 2011. that's despite what he told abc news earlier this summer on whether he'd ever paid anything less than 13% in taxes. >> i don't pay more than i legally do. and frankly if i had paid more than are legally due, i don't think i
specifically, how much he makes and how much he pays in taxes. the republican presidential candidate has released more tax records. and cnn's national political correspondent, jim acosta, has that. >> reporter: mitt romney came to las vegas and rolled the dice, releasings new tax information in the hopes of putting a lingering campaign issue to rest. according to romney's 2011 return released by the campaign, the gop nominee paid nearly $2 million in taxes on almost $14 million in income....
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pesky taxes. even the mrs. weighed in. >> this is hard. do you want to try it? >> what the republicans are really saying about mitt romney. like new teriyaki grilled shrimp for just $14.99! my name is angela trapp, and i sea food differently. actually... that way i could split my payments into little bite-size chunks. i mean you feel me right? yeah. uh, sir... ah... [ male announcer ] layaway's back. earlier than ever. through december 14th. walmart. ♪ [ male announcer ] the first look...is only the beginning. ♪ ♪ introducing a stunning work of technology. ♪ introducing the entirely new lexus es. and the first ever es hybrid. this is the pursuit of perfection. >>> okay. mitt romney is taking heat not just from the democrats and president obama, but he is getting criticism from the republicans, too. conservative columnist peggy noonnan called the romney campaign a rolling calamity, and bill kristol has said some tough things, too, and two republican heavyweights who may not be wanting to say things out loud, but we know one who is. we have anna navarro wh
pesky taxes. even the mrs. weighed in. >> this is hard. do you want to try it? >> what the republicans are really saying about mitt romney. like new teriyaki grilled shrimp for just $14.99! my name is angela trapp, and i sea food differently. actually... that way i could split my payments into little bite-size chunks. i mean you feel me right? yeah. uh, sir... ah... [ male announcer ] layaway's back. earlier than ever. through december 14th. walmart. ♪ [ male announcer ] the first...
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. >> i know up close and personal how devastating high taxes are. i understand how high taxes destroy jobs. >> in iowa, many of us tried and tried to get some direct answers from michele bachmann, with no luck. instead, we got caught up in media scrums like this one. do you think african-americans are hurting themselves because they are supporting this president, when sometimes he has not had their interests at heart? >> it is clear, with direct to the candidates, that it will have impact on african-americans. >> i'll put it a little bit simpler. is it harder for a black person, whether a constituent or congressperson or lawmaker to constructively criticize this president because he is african-american? >> we support the president. we don't always agree with him. >> are you concerned about the fact that these women do want to -- >> what did i say? >> are you concerned about -- >> excuse me. excuse me. >> no known -- >> the question is, what part of running for leader of the free world does herman cain not understand? you're going to be asked questio
. >> i know up close and personal how devastating high taxes are. i understand how high taxes destroy jobs. >> in iowa, many of us tried and tried to get some direct answers from michele bachmann, with no luck. instead, we got caught up in media scrums like this one. do you think african-americans are hurting themselves because they are supporting this president, when sometimes he has not had their interests at heart? >> it is clear, with direct to the candidates, that it will...
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they are very demanding and taxing on a family. i think you see all-stars hillary clinton and tim geithner likely to leave. i think the interesting question, however, is whether the president will look to bring in republicans, people like chuck hagel, colin powell potentially in some of these positions and folks from the business industry, people like president of the xm bank and even michael bloomberg. the real thing i think we want to look for is will the president signal different directions by trying to bring in some republicans and people from the business community as well. >> there have been peripheral discussions whether mitt romney would be among those. is that realistic when the president says he is entertaining the opportunity to talk with mitt romney, might it have been about a cabinet position or is that just, you know, making good with some people in the business community, including that of mitt romney, julian? >> well, the president's favorite of all time was abraham lincoln and abraham lincoln tried to bring in man
they are very demanding and taxing on a family. i think you see all-stars hillary clinton and tim geithner likely to leave. i think the interesting question, however, is whether the president will look to bring in republicans, people like chuck hagel, colin powell potentially in some of these positions and folks from the business industry, people like president of the xm bank and even michael bloomberg. the real thing i think we want to look for is will the president signal different directions...
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you can still cast a provisional ballot which will be counted later, if that is equivalent of a poll tax or a literacy test on african-americans in this country, then you're asking us to stretch logic to its furthest absurdity. and you know what, most americans agree because the polls show it. >> what do you say, lg? >> i'm going to try not to go off on my friend will here. i'm just going to say it's racist. i'm not going to dance around it, it's driven by racism. the fact that will can't see it is fine. everybody doesn't have to see the same story but i'm going to tell you what that actual story is. this is driven by race. i was at the speech last night. i was at the dinner last night, and i will tell you, i didn't leave there thinking, oh, i need to vote for obama because he's black. i left there thinking as an american citizen we should observe fended that these tactics are being used to curtail our rights, the rights that blacks and whites have died for. you don't have to go all the way back to slavery. jesse helms, hello, he used very aggressive tactics to scare blacks from going ba
you can still cast a provisional ballot which will be counted later, if that is equivalent of a poll tax or a literacy test on african-americans in this country, then you're asking us to stretch logic to its furthest absurdity. and you know what, most americans agree because the polls show it. >> what do you say, lg? >> i'm going to try not to go off on my friend will here. i'm just going to say it's racist. i'm not going to dance around it, it's driven by racism. the fact that will...
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tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. >> did he, john, miss an opportunity to go further with the banks there? >> i mean, that was one of i think president obama's better lines in the debate because he was calling out in a limited way and halting way all of a sudden mitt romney saying that the problem with the dodd-frank was that it was a big kiss to the new york banks which is itself a surreal etch-a-sketch moment. the president
tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big...